30 July 2016
Hello All I am an accountant and needs your advise. The client had taken home loan on 6.05.2006 and the loan has been cleared on 01.06.12. Loan Amount: Rs.1916000@8.5%. The total Interest paid was Rs.894166/-. The possession date of property is 25.07.2015. Property is self occupied. Now can I take the benefit of interest paid in my return u/s 24b? If yes then how much amount of interest and upto which year? Pl reply as I have to file return for 2016-17. Regards
CAclubindia
